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Assume sam sell 2500 books on account for $11 each (cost these book is $16500) on 10th October, 2012. One hundred of these books (cost $660) were damaged in shipment, so muddyriver later got the damaged goods as sales return on 13th October, 2012. then the customer paid the balance on 22nd October, 2012. Credit terms provided to the customer were 2/15, net 60.
1. Determine net sales for October 2012
2. Evaluate gross profit for October 2012
Determine the basis for the shares sold consider the FIFO cost method?
Will the decision about the transfer price affect consolidated total income? Which technique would be easiest for the company's accountant to administer? As the company's accountant, what advice could you provide to these officials?
What is the total present value of the project?
Prepare general journal entries for Goela Ltd
Adjusting to $600,000 will add how much to expense for the present year?
Mr. Dimitry owns 1000 shares of equity. What is his cash flow in its current capital structure (leveraged D/E = 2.3) What will be his cash flow in the proposed capital structure (levered) if he keeps all his 1,000 shares
What is the product cost for the extension product under absorption and variable costing
The church did not keep a record of the amounts given nor the contributors, but the minister estimates that these gifts amount $10,000 in the current year. How should he treat these gifts?
To prepare the project worthwhile in terms of his own time, Marbury would need a $7,200 profit for the first six months of the venture. What level of sales in units and dollars would be needed to attain this target net operating income?
How much of Joe's bonus might the IRS re-characterize as a dividend Supposing the IRS re-characterizes $200,000 of Joe's bonus as a dividend, what additional income tax liability does Nittany Company face
Evaluate the company's predetermined overhead rate for the year. Logan's actual manufacturing overhead for the year was $749,346 and its real total direct labor was 28,500 hours.
Determine the expected portfolio return, rp, for each of the 6 years. Evaluate the expected value of portfolio returns, rp, (line over the r) over the 6-year period
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